KTC 2-QUESTIONS AND ANSWERS

The rules regulating transactions under Treasury Savings Bank came into force w.e.f.: 
(A) 1-2-1975
(B) 7-4-1970 
(C) 9-3-1975
(D) 1-2-1973 
Correct Answer:-Option: (D)

➧The Register of Pension Payment Orders has to be preserved for .............-completed years : 
(A) 10
(B) 5 
(C) 15
B:-57(6) 
Correct Option:-Answer: B:-57(6) 

➧ Reserve Bank of India shall not entertain demand for refund of: 

(A) Half note
(B) Stolen note 

(C) Imperfect note
(D) Mutilated note

Correct Answer:- Option- (B) Stolen note )

➧Preservation period of register of interest (on promissory notes)

 (A) 3 years
(B) 20 years 

(C) 10 years
(D) 5 years 

Correct Answer:- Option-(C) 10 years

➧Preservation period of register of pension payment order: 
(A) 10 years
(B) 15 years 
(C) 5 years
(D) 20 years

Correct Answer:- Option-(D) 20 years

➧The pay and allowances of Lascars should be drawn in :
(A) Establishment Pay Bill 
(B) Miscellaneous Bill 
(C) Contingent Bill
(D) None of these
Correct Option:-Answer: (C) Contingent Bill

➧The Assistant Collector/Probationary Deputy Collector should undergo training in District Treasury for: 
(A) 3 months
(B) 6 months 
(C) 1 month
(D) 2 months 

Correct Answer:- Option-(C)

Authority to issue one Rupee note: 
(A) Central Government 
(B) Reserve Bank of India 
(C) Currency Chest
(D) State Mint 

Correct Answer:- Option-(A) 

A list of cases in Appendix 26 in which the Accountant General usually awards __________. 
A:-Lapsed Deposits 
B:-Treasury irregularity 
C:-Misclassification 
D:-Foreign remittance 
Correct Answer:- Option-B 

Accounts in respect of which no transactions have taken place for  __________ complete financial years and more will be treated as un operated. 

A:-5 

B:-4 

C:-3 

D:-2 

Correct Answer:- Option-A 

Pick out the wrong statement
A:-Fixed deposits should be treated as separate savings bank accounts B:-Fixed deposits can be opened on production of an application form and specimen signature in the prescribed form
C:-Personal appearance of the depositor is compulsory for the opening of fixed de posit
D:-All the above 3 statements are false 

Correct Answer:- Option-C